Reddit Posts
This "crash" was from 58k. The price action from 69k to 58k was high volume volatility.
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I want to wait until $5 but fear of losing out on profits (FOLO) will probably make me sell at $1. Lol.
I wouldn't be surprised if the 2024 Bitcoin halving becomes a massive 'disappointment' for those people with unrealistic high expectations. Bitcoins will then flow towards large institutional investors who have lower time preferences. This will be from individual/retail investors and traders who will either fully or partially capitulate, by selling their Bitcoins on the open market. Fidelity, **BlackRock**, et al will scoop up the fire sale Bitcoins and add to their ever-growing inventory. The Bitcoin halving in 2028 and 2032 will be the halvings to watch. FOMO and FOLO (Fear Of Losing Out) will again be the watchwords. Remember, Bitcoin tends to do the opposite of what you expect. I guess there is a 50% chance I'm either right or wrong...
True - but the biggest challenge of investing is to keep a consistent strategy, so sometimes you have to think why 2-4 weeks ago was FOLO and why now (after the asset is more expensive) it's FOMO. I'm basically telling OP to keep a consistent strategy and not FOLO/FOMO.
Cause 2-4weeks ago is was FOLO.
I think FOLO (fear of losing out) would be a better term for the impulse that causes people to mistime the bottom.
Yawn... I don't care what you do. YOLO or FOLO or whatever. If you need "inspiration" or a dick up you butt to invest you are already a loser. This from one of your dreaded "early adopters".
FOLO: Fear of Losing Out (me selling at the bottom, worrying the price will fall further)
FOMO followed by a FOLO (fear of losing out)
BANANA (currency of the Cyberkongz metaverse), FOLO (copy trading), YFII (Yearn fork).